Charity Search / MOTE MARINE FOUNDATION INC
Science & Technology (U030) 990 on File

MOTE MARINE FOUNDATION INC

EIN: 59-2226800 · SARASOTA, FL 34236-1004 · United States · FY 2024 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 63/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$2.2M
Total Revenue
$6.5M
Total Expenses
$16.4M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 98.8%
Fundraising Efficiency N/A
Operating Reserve 30.43x
Liability-to-Asset 1.5%
Revenue Diversification 99.9%
Executive Compensation $5K
Compared with Peers
FY 2024
Compared with 333 similar organizations (United States, Science & Technology, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
98.8% 83.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
1.2% 13.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
30.4 mo 9.0 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
1.5% 14.5%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.9% 91.7%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
292.0% 11.0%
P10P90
Expense growth
Year over year expense growth
1177.0% 8.4%
P10P90
Surplus margin
Surplus as a share of revenue
-190.1% 1.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.2M $6.5M $16.4M 98.8% 0
2023 $570K $508K $18.6M 86.1% 0
2022 $793K $546K $16.5M 84.5% 0
2021 $1.5M $609K N/A 0
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Organization Details
EIN
59-2226800
State
FL
City
SARASOTA
ZIP
34236-1004
Classification
U030
Category
Science & Technology
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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